23rd June 2019

Technology tops latest biennial CSFI/PwC Banana Skins survey of risks facing the insurance industry
Trend

The latest CSFI/PwC biennial Insurance Banana Skins review surveyed the risks facing the insurance industry in early
2019, and identifies those that appear most urgent to insurance practitioners and close observers of the insurance scene around the world.
The report, which updates previous surveys in 2007, 2009, 2011, 2013, 2015 and 2017, was conducted in March and April 2019, and is based on 927 responses from 53 territories worldwide. Technology was the top issue, up from third, with Cyber risk and Change management still in the top three. Brexit is still at the foot of the list:
Insurance Banana Skins 2019
(2017 ranking in brackets)
1 Technology (3)
2 Cyber risk (2)
3 Change management (1)
4 Regulation (6)
5 Investment performance (5)
6 Climate change (-)
7 Competition (8)
8 Human talent (9)
9 Macro-economy (7)
10 Interest rates (4)
11 Political risk (11)
12 Cost reduction (13)
13 Reputation (17)
14 Guaranteed products (10)
15 Business practices (12)
16 Quality of management (14)
17 Credit risk (-)
18 Social change (16)
19 Corporate governance (19)
20 Capital availability (20)
21 Brexit (22)

CSFI Trends(10 articles)
PwC Trends(197 articles)